40-year-old trucking company closes, files Chapter 7 bankruptcy

The Great Freight Recession led to dozens of trucking, logistics, and shipping companies filing for Chapter 11 bankruptcy protection in 2025 to reorganize their businesses, restructure their debt obligations, and stay in business. Companies blamed reduced shipping demand, lower freight rates, and rising labor, fuel, and insurance costs for the decline in revenues and profits. In some cases, bankrupt trucking companies were unable to reorganize in Chapter 11 and stay in business. Filing Chapter 7 or Cha ...